The Street Fight for Florida Gambling

This week’s gambling news finds Florida gambling in the headlines again, and now the battle for expanded casino gambling and sports betting is getting downright ugly! The fight between the Sands Corporation and the Seminole Tribe is wrapped up in lawsuits, legal actions, and accusations of conspiracy, sabotage, and corruption! Welcome to This Week in Gambling, where some news weeks are slow… some news weeks are busy… and some news weeks are batshit crazy! Which leads us to Florida and this week’s big story! As you may know, Florida is America’s third largest state by population. Therefore, whatever happens with…

BetMGM App Goes Live in New York Today

Today is the day another operator is launching their online sports book in New York! The BetMGM app is now live for players in the Empire State, and they can access the benefits of betting with BetMGM, an Official Sports Betting Partner of the Knicks, Rangers and Madison Square Garden Arena. “With today’s monumental news, we’ll now be able to fully activate our relationships with MGM Resorts’ Empire City Casino and Madison Square Garden. We look forward to offering customers in New York unique experiences that they can’t access on any other platform,” said BetMGM CEO Adam Greenblatt. “A huge…

New York Moves to “Lock” High Gambling Tax Rate

In a stunning move of arrogance, a New York State Assemblyman is pushing a new bill to lock-in the 51% gambling tax rate. That bill would prohibit any licensees from ever requesting a change to that tax, which is tied for the highest in the nation. It’s worth noting that while this bill would hamstring any operator from ever requesting a lower tax rate, it contains no language whatsoever to prevent the state from raising that tax rate. The specific wording of the bill states that “once such contracts have been awarded and a tax rate has been established, no…

Florida Sports Betting Fight Escalates Again

The fight for Florida sports betting is an important one, as the state has the potential to be the third largest market in America. So naturally, there are going to be a few punches thrown with so much potential profit at stake for years to come. Enter the contenders: The Florida Seminole Tribe vs. everyone else, with everyone else being represented (for the most part) by the Sands Corporation. A recent Federal Court decision put an end to an almost-but-not-quite monopoly on sports betting in the state by the Seminoles. And now, the whole ugly mess is mired in a…

New York Mobile Sports Betting

New York Mobile Sports Bets May Fall Short

Gaming experts from PlayNY.com say that New York mobile sports bets will do well, but may not quite live up to the to $500 million in annual tax revenue expectations some have predicted by 2024. Former Gov. Andrew Cuomo’s administration budgeted for proceeds from online gambling to reach $99 million in FY 2022, $357 million in FY 2023, and $500 million by FY 2024, which would easily be the most ever for one state. With the regulations for online sports betting now clearer, the New York mobile sports bets market will be highly lucrative for the state but fall short of…

New York Mobile Sports Betting Readies for Launch

As the NFL playoffs come upon us, expectations for the launch of New York mobile sports betting grow. We were promised that the state would have the activity up and running in time for the Super Bowl, and it looks like Saturday January 8th will be the day! Earlier this week, prominent New York Senator Joe Addabbo said that mobile sports bets in his state are “imminent”, and may even be available for some playoff games. So, the era of betting on sports in the Empire State, with all the lofty expectations that brings, looks to be a “go” for…

Esports Event at Hard Rock Atlantic City in January

Esports Entertainment Group has announced at eSports event with skill-based wagering to be held in New Jersey next month. The event is in partnership with the Hard Rock Hotel & Casino Atlantic City. EEG and Hard Rock have teamed up to create a tournament on January 22 and 23, 2022 that will launch LANDuel and be the springboard for more esports betting events and permanent installations in the future at the casino and hotel venue. “We are extremely excited to partner with one of the top global hotel and casino venues to kickstart the world of regulated peer to peer wagering…

Sports betting and esports

Competitive Video Gaming and Online Betting

The eSports gaming industry and competitive video gaming is being seen by many jurisdictions in the U.S.  as another… and a new, revenue for their state’s coffers. A recent article in Gambling News discussed the new incentive that has just recently came to pass in the state of  New Jersey. It said that apparently, Gov. Phil Murphy is feeling cautiously optimistic about eSports betting in the Garden State. “At least this is what we make from the governor’s decision to sign a bill into law that allows betting operators to start accepting wagers on competitive video gaming.” The bill was signed…